1451 E Market St - Medical FOR SALE


Warren, OH 44483- Warren/Niles
$239,900 USD
1451 E Market St, Warren, OH for Sale
$239,900 USD
Medical - FOR SALE
1/30
null | Request Cap Rate

1451 E Market St
Warren, OH 44483
Warren/Niles


HIGHLIGHTS

  • Great Visibility
  • Multi-tenant Property
  • Mixed use: offices and apartments.

OVERVIEW

1451 East Market Street in Warren, Ohio is a versatile three-story mixed-use property offering approximately 4,700 square feet of space on a 0.66-acre lot. ATTN investor's property has an extremely profitable cap rate of 13.4% with room for additional rent recovery. The ground floor is configured as a former medical office, featuring a reception area, staff office, four exam rooms, a treatment room, a private office, a kitchenette, and three restrooms. The second floor contains two well-appointed residential apartments, each with a living room, kitchen, bedroom, and full bathroom, and each with its own private entrance—making the property ideal for generating rental income or accommodating live-work arrangements. The third floor, previously used for records storage, includes a half bath and presents potential for additional functional space depending on future needs and zoning approvals. Located directly across from the old Trumbull Memorial Hospital, the property is well-positioned for medical or professional use, while the ample on-site parking—approximately 25 spaces—supports both commercial and residential activities. Its Residential B zoning and mixed-use layout provide flexibility for investors, owner-users, or those interested in adaptive reuse opportunities. This property includes 2 parcels. There is also the vacant city lot available for development on north side of parking lot. Strong rent roll. Call today to schedule a showing!

FOR SALE DETAILS

PRICE

$239,900 USD

PRICE/SF

$51 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Downtown Warren Office with Apartments

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1898

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.66 AC

LAND SF

28,750 SF

ZONING

Residential B

APN/PARCEL ID

38-642810,38-642820

ASK ABOUT THIS PROPERTY

Chris RomanHoward Hanna Real Estate ServicesMore Info

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